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16368 W Pierce Street Goodyear, AZ 85338

5 Beds 3 Baths 3,518 sqft Built 2004

$399,000

List Price

$2,510

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

January 02, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $113.42
  • 2 Days on Market
  • MLS # : 6174423
  • Updated Date : 01/02/2021 at 08:15
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,518 sqft
  • Baths : 3 full
Listing Agent

Realty Executives

Listing Agent's Description

HUGE,upgraded,over 3,500 SF estate on mature tree-lined streets- desirable area of Canyon Trails!Recent updates inc 18'' tile w/mosaic & rich wood floors thru-out,tasteful new gray/white paint w/5'' trim,new light/plumbing fxtrs,central vac,new dual AC & hot H20 htr,SS applncs,new ext paint & upgrd wiring/cable.Grand curb appeal w/oversized lot -space btwn neighbors.Entry w/22 ft ceiling & sweeping wood clad/iron staircase. Lg formal Living & Dine rm + Greatrm-style Fam rm & Eat-In Dining open to Gourmet Kitchen.Office(or 5th bdrm) & full Bath down.Upstairs is your Loft/Gamerm,3 more bdrms,2nd Bath & huge Master Ste w/private Bath offering dual sinks,sep shower/soaking tub & Walk-In Closet.Dbl-sized covered Patio & 3 Car Gar. Backyard awaits your ideas! Mins to freeway,new shops, etc.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Canyon Trails

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300kPrice in $99k302k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Canyon Trails

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29501000105011001150120012501300135014001450150015501600Rent in $9311646

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Desert Thunder School Primary Regular 636 26 5
Desert Thunder School Middle Regular 636 26 5
Verrado High School High Regular 1,855 74 4

Desert Thunder School

  • Education Level: Primary
  • # of students: 636
  • # of teachers: 26
5
GreatSchools Rating

Desert Thunder School

  • Education Level: Middle
  • # of students: 636
  • # of teachers: 26
5
GreatSchools Rating

Verrado High School

  • Education Level: High
  • # of students: 1,855
  • # of teachers: 74
4
GreatSchools Rating
 

$359,100$438,900$399,000

PURCHASE PRICE

$2,259$2,761$2,510

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,510
EXPENSES Loan Payment -$1,472
Property Tax -$266
Property Insurance -$96
HOA -$61
Property Management Fees -$99
CASH FLOW
$516

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$399,000

PROJECTED PRICE

$2,510

PROJECTED RENT

0.63%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.7%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$111,485

INVESTMENT

$111,485

Down Payment
$99,750
Rehab Estimate
$5,750
Closing Costs
$5,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 25% down payment or higher enables the proceeds from the asset to cover all costs.

$1,472

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $99,750
Loan Amount $299,250
See What Happens When You Reinvest Cash Flow

12.08

YEARS SAVED

$88,032

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $2,510

    LIST RENT
  • $0.71

    LIST RENT PER SQFT
  • $2,932

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$2,500
1$2,5002$2,5103$2,6004$3,200
$3,200
RENT COMPS ANALYSIS
  • 16368 W Pierce Street Goodyear, AZ 2
    • 5 beds 3 baths ∙ 3,518 Sqft ∙ Built 2004 5 beds 3 baths ∙ 3,518 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $2,510
    • $0.71
    •  
  • 16793 W Hilton Avenue Goodyear, AZ 1
    • 4 beds 4 baths ∙ 3,193 Sqft ∙ Built 2012 4 beds 4 baths ∙ 3,193 Sqft ∙ Built 2012
    LEASED 09/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.78
    •  
  • 15812 W Cypress Street Goodyear, AZ 3
    • 4 beds 5 baths ∙ 3,469 Sqft ∙ Built 2009 4 beds 5 baths ∙ 3,469 Sqft ∙ Built 2009
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.75
    •  
  • 15739 W Berkeley Road Goodyear, AZ 4
    • 5 beds 3 baths ∙ 3,295 Sqft ∙ Built 2008 5 beds 3 baths ∙ 3,295 Sqft ∙ Built 2008
    LEASED 03/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $0.97
    •  
PROPERTY LISTING DETAILS
Sharon Vincent
Realty Executives
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6174423
Last Updated: 01/02/2021
support@investimateroi.com

Indicates a property listed by a real estate brokerage other than HomeUnion/Investimate by Mynd. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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